Property Overview

This home at 110 Lake Lindero Road presents a compelling blend of space, location, and value within Winnipeg’s Waverley Heights neighborhood. Its primary strength lies in its generous proportions, offering significantly more living area than most homes in the wider area, while being situated on a substantial lot that provides privacy and outdoor potential.

Key Characteristics & Appeal

The most standout feature is the living space. At 2,237 sqft, the home is notably larger than both neighborhood and city averages, ranking in the top 1% of Waverley Heights for size. This creates immediate appeal for growing families, those who work from home, or buyers simply seeking ample room without the footprint of a brand-new mansion. The lot size, while slightly below the specific street average, is still well above the neighborhood norm, offering a generous and private outdoor area.

The appeal is nuanced. The home’s assessed value is elite for the neighborhood (top 5%), yet it sits around the average for its own street. This suggests you are acquiring a premium property within the highly regarded Waverley Heights area, but on Lake Lindero Road itself, it represents a more typical offering. This dynamic can be attractive to value-conscious buyers who prioritize the community prestige and space over having the newest home on the block, as the 1977 build date is standard for the area.

In essence, this property suits buyers looking for established character, superior interior space, and a prime neighborhood address. It’s ideal for those who want room to grow and entertain indoors and out, and who understand that in a sought-after area, value is often found in the space you get for your investment rather than in having the most modern structure.

Frequently Asked Questions

1. Is this home a good value compared to others on the street?
The data suggests it is competitively priced for Lake Lindero Road. Its assessed value is around the street average, yet it offers more living area than most. You’re effectively getting more house for a typical street price.

2. How does the lot size compare to nearby properties?
The lot is approximately 8,995 sqft. It is slightly smaller than the average lot on Lake Lindero Road, but it is significantly larger than the typical lot in both the Waverley Heights neighborhood and across Winnipeg, ranking in the top 8% in both those broader areas.

3. The home was built in 1977. Is that a concern?
The year built is very typical for the area. It is consistent with the average for both the street and the neighborhood. This indicates an established, mature streetscape rather than an outlier. Buyers should focus on the condition of major systems (roof, windows, HVAC) which may be due for updates or replacement.

4. What does the "elite" neighborhood ranking for assessed value mean?
It means this home’s assessed value is in the top 5% of all comparable properties in Waverley Heights. This generally reflects the neighborhood’s perception of the property’s worth relative to others nearby, often influenced by its size, condition, and location within the area.

5. If the living area is so large, why isn’t the assessed value ranking higher on the street?
This is a key insight. The living area is above the street average, but assessed value encompasses more than just square footage. Factors like specific finishes, layout, updates, and the exact lot characteristics can influence final value. The data implies that while the space is a major asset, the home may present an opportunity for a buyer to add value through modernization.